The most powerful tool unions have at their disposal when bargaining with management is

A) the Taft-Hartley Act.
B) the ability to strike.
C) the secondary boycott.
D) the power of pure competition.

Answer: B

Economics

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An individual's demand curve

a. represents the various quantities that a consumer is willing to purchase of a good at various prices. b. is derived from an individual's indifference curve map. c. will shift if preferences, prices of other goods, or income change. d. all of the above.

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A monopsony is a market situation in which there is only one seller

a. True b. False Indicate whether the statement is true or false

Economics